|ROCAHMEL: THE HOTEL THAT RICK WAYNE AND THE UWP's HATE SO MUCH|
Rochamel invested US$23m into St Lucia, a figure audited and confirmed by both the Royal Merchant Bank and the Hyatt Corporation. An investment along with RMC's based on Hyatt forecasts and their promises of bringing back direct flights via American Airlines to St Lucia.
|A VIEW OF ROCHAMEL, NOW SANDALS GRANDE|
Rochamel also paid all its employees and subcontractors on completion of the construction contract - despite the contract overrunning, provided full medical cover for all employees and honoured all promises with regard to training young St Lucian workers both in St Lucia and the UK. All of its construction creditors were paid prior to diluting its shareholding to compensate for the construction overrun.
|ANOTHER VIEW OF ROCHAMEL, NOW SANDALS GRANDE|
The operation and full financial responsibility for the running of the hotel was then transferred to the Hyatt Corporation.
Who then despite taking their management fees, never paid one loan or interest payment to the funders, or on collapse of the hotel, this multiple billion dollar organisation payment to local creditors?
Rochamel then tried to assist in the disposal of the hotel and had negotiated terms with a leading hotel operator for a price substantially higher than the Sandals offer. Unfortunately, both Rochamel's lawyers and accountants had by now jumped ship, given they were so far up Butch Stewart’s backside they could see his tonsils; so Rochamel's injunction to prevent the remarkably quick disposal of the property failed.
John Compton's dream for the causeway has been realised, Kenny Anthony clearly acted solely in the interests of his Country, hundreds of jobs were created, the causeway stabilised by Rochamel ending the serious erosion of one of St Lucia's finest beaches. The vultures profited and the investors in Rochamel have moved on and recouped their investment